ABN AMRO Logo — ABN AMRO is a bank Dutch , founded in 1991 by the merger of Algemene Bank Nederland (ABN General Bank means the Netherlands) andAmsterdam-Rotterdam Bank (Amro Bank). In turn each of these banks came from the merger of several banks, the oldest of which, theNederlandsche Handel-Maatschappij (Commercial Society of the Netherlands) was founded in 1824 . Today belongs to the Dutch state, which the bank purchased Belgian Fortis .
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In late 2007 a consortium of banks Royal Bank of Scotland (RBS), Fortis and Banco Santander acquired ABN AMRO’s intention to divide and share the different business areas. Fortis acquired the operations in Belgium and Holland , keeping the brand for its retail banking business in these countries, the Banco Santander acquired Banco Real in Brazil and Banca Antonveneta of Italy (which sold shortly thereafter) and RBS acquired the wholesale banking division and other businesses, such as Asians and people of Argentina, Chile, Colombia, Mexico and Venezuela. Furthermore, the Bank of America was the business of the United States , as the bank LaSalle .
On 3 October 2008 , in a joint action by the governments of the Netherlands, Belgium and Luxembourg , the Dutch State acquired all Fortis’s Dutch business, including its share of ABN Amro. This intervention occurred on a global financial crisis to save the bank from bankruptcy. On 21 October the same year the government announced the merger of ABN-Amro and Fortis Netherlands, opting for “a strong Dutch bank.” The integration will result in the loss of 8,000 jobs and the disappearance of the financial arm of Fortis. In turn, the insurance department of Fortis Netherlands will go on sale. On July 1, 2010 merger was completed between ABN AMRO Bank and Fortis Bank Nederland , creating a combined entity called ABN AMRO Bank NV.
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